Lamb Weston secures $500M new term loan, repays $300M existing facility

Lamb Weston Holdings, Inc.

New $500M Term A-5 Loan replaces $300M Term A Loan; proceeds used to fully repay existing loan on Sept 27, 2024.
Interest rate based on SOFR plus 1.85%-2.85% (or Base Rate plus 0.85%-1.85%) depending on leverage ratio.
Quarterly amortization payments start March 2025 at 5% of original principal per year; final maturity Sept 27, 2031.
Amendment also updates certain schedules and representations; all other credit terms remain unchanged.

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